Dhingra, Swati and Kondirolli, Fjolla (2022) Unemployment and labour market recovery policies. Indian Economic Review, 57 (1). 223 - 235. ISSN 0019-4670
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Abstract
Evidence shows long-term unemployment (LTU) can have life-long scarring impacts on the future employment and earning prospects of individuals and lead to an overall deterioration in the wellbeing of communities. This article examines long-term unemployment in India, providing some of the first estimates from a panel of individuals before and during the pandemic. It shows that LTU makes up a substantial proportion of unemployment among the working-age population, particularly among young workers who have fared even worse since the pandemic. Existing benefits have proven inadequate in addressing long-term unemployment and young workers have a strong desire for active labour market policies from the government to address the worklessness crisis. A national-level commitment to active labour market policies could prevent a lost generation of young workers from falling into long-term unemployment and the ills that accompany it.
Item Type: | Article |
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Official URL: | https://www.springer.com/journal/41775 |
Additional Information: | © 2022 The Authors |
Divisions: | Economics |
Subjects: | H Social Sciences > HC Economic History and Conditions H Social Sciences > HB Economic Theory H Social Sciences > HD Industries. Land use. Labor |
JEL classification: | E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Employment, and Investment > E26 - Informal Economy; Underground Economy E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Employment, and Investment > E24 - Macroeconomics: Employment; Unemployment; Wages; Intergenerational Income Distribution (includes wage indexation) |
Date Deposited: | 22 Jun 2022 11:36 |
Last Modified: | 10 Aug 2024 23:13 |
URI: | http://eprints.lse.ac.uk/id/eprint/115407 |
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